Marketable title

A titleTitle is the evidence of ownership. In essence, title is more important than ownership because having that is free and clearOwning property free and clear is having title to a property without encumbrances; that is, free of of objectionable liens, clouds, or other title defects. A title which enables an ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). to sell his propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. freely to others and which others will accept without objection.

Marketable Title

A titleTitle is the evidence of ownership. In essence, title is more important than ownership because having which is free from reasonable doubt of defect which can be readily sold or mortgaged to a reasonably prudent purchaser or mortgageeThe lender.; a title free from material defects or grave doubts and reasonably free from possible litigation.

Marketable Title

Clear titleTitle is the evidence of ownership. In essence, title is more important than ownership because having that is reasonably free from the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person of litigation over possible defects.

Marketable Title

Title which a reasonable purchaser, informed as to the facts and their legal importance and acting with reasonable care, would be willing and ought to accept.

Marketable Title

Title which can be readily marketed to a reasonably prudent purchaser aware of the facts and their legal meaning concerning liens and encumbrances.